the buffett index: why warren buffett might be selling more apple soon chamath's insight: one way to tell if warren buffett has gotten disengaged from a company is the number of mentions in his annual letter to shareholders the facts: -- buffett first bought apple in 2016 -- his position was worth ~$175b at the end of 2023 -- 2020 letter: 11 apple mentions -- 2021: 10 mentions -- 2022: 2 mentions -- 2023: 1 mention -- in q4 23, berkshire sold close to ~$2b worth of apple (~1% of its ~$175b position) so here's the precarious setup for apple: 1) apple has a lot of headwinds (flat iphone revenue, regulatory scrutiny, etc.) 2) annual letter mentions have gone down 3) buffett just started selling bonus: buffett followed a similar pattern with his wells fargo position! -- buffett first bought $wfc in 1989/1990 -- wf was at one point one of berkshire's largest holdings -- annual shareholder letter mentions went to 0 starting in 2016 -- buffett started selling around late 2017/early 2018, and closed his position in 2022 *note: mentions = written mentions, not including appearances in charts or tables **note: not investment advice #fyp #apple #stocks #stockmarket #tech #technology #investing #business #warrenbuffett